2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

[ScoobyDoo]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

Deficit is scheduled to come down to 400Bn in the near term. By and large most of the programs are paid for. The problem is sniveling pols won't make the relatively small tweaks to bring everything in line. Really, tell Karzai to go screw and save 100Bn a year in Afghanistan. Save at least that by canning gimmicky tax cuts and AG subsidies. Tweak Medicare to bargain for prescription drugs, add some tort reform, and crack the F down on fraud and you have the rest.

As far as paying the bills go we're actually getting pretty close.

We're 17 trillion in debt. The Feds don't meet their mandate obligations in anything. We give free money to sugar plantation owners. Jeff Sessions is more worried about extending unemployment insurance being immoral than any of that.

I could go on and on.

We're Doomed.

 

[Rover]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

We're 17 trillion in debt. The Feds don't meet their mandate obligations in anything. We give free money to sugar plantation owners. Jeff Sessions is more worried about extending unemployment insurance being immoral than any of that.

I could go on and on.

We're Doomed.

Country's proven energy resources are worth far more than that. While I'm not saying we need to immediately sell off domestic sources of oil, gas, etc to foreign countries, the fact remains if you went to borrow 17 grand from the bank but had 170,000 in cash sitting in your bank account they'd most likely give you the loan.

 

[FlagDUDE08]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

Country's proven energy resources are worth far more than that. While I'm not saying we need to immediately sell off domestic sources of oil, gas, etc to foreign countries, the fact remains if you went to borrow 17 grand from the bank but had 170,000 in cash sitting in your bank account they'd most likely give you the loan.

Actually, no they wouldn't, at least today's banks wouldn't. They don't look at the assets you have, only the "sales" you have coming in. Remember that "cash sitting in your bank account" is a one time deal.

 

[True Blue Fan]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

Actually, no they wouldn't, at least today's banks wouldn't. They don't look at the assets you have, only the "sales" you have coming in. Remember that "cash sitting in your bank account" is a one time deal.

You are the most uninformed person I have ever seen. As long as the individual had an income source and could reasonable be expected to repay the debt, they would lend to him all day long with the assets he has on account. Before you spout off again, I am in the banking/lending business and know what I am talking about. Heck a majority of Credit Unions will lend soley based on the assets on account without even worrying about an income source.

 

[joecct]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

You are the most uninformed person I have ever seen. As long as the individual had an income source and could reasonable be expected to repay the debt, they would lend to him all day long with the assets he has on account. Before you spout off again, I am in the banking/lending business and know what I am talking about. Heck a majority of Credit Unions will lend soley based on the assets on account without even worrying about an income source.

Won't they have to secure the loan against something? If not, the interest rate will be a lot higher.

 

[True Blue Fan]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

Won't they have to secure the loan against something? If not, the interest rate will be a lot higher.

A qualified individual with suitable income to sustain debt level, can borrower unsecured funds. In most cases the rates on unsecured loans are based on total risk factors and policies in place at the institution. Such as overall debt to income ratio, level of assets, credit history and credit score etc. The lower the risk, the lower the rate they can obtain, the higher the risk goes up the rate will tier up accordingly.

 

[FlagDUDE08]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

You are the most uninformed person I have ever seen. As long as the individual had an income source and could reasonable be expected to repay the debt, they would lend to him all day long with the assets he has on account. Before you spout off again, I am in the banking/lending business and know what I am talking about. Heck a majority of Credit Unions will lend soley based on the assets on account without even worrying about an income source.

And yet, my case is from this actually happening. Maybe your bank is more likely to make the loan and looks for suckers like this. I wouldn't waste my time with it with my lending activity, because I wouldn't be able to make any money. I'd just tell the person to use the assets they had, and go look for someone with whom I can actually make money.

 

[Rover]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

You are the most uninformed person I have ever seen.

A correct assessment!

 

[Rover]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

And yet, my case is from this actually happening. Maybe your bank is more likely to make the loan and looks for suckers like this. I wouldn't waste my time with it with my lending activity, because I wouldn't be able to make any money. I'd just tell the person to use the assets they had, and go look for someone with whom I can actually make money.

Flaggy you live in your mom's basement, have no job or girlfriend, and post out here all day when you're not playing video games. When exactly did you become a financial wheeler dealer?

 

[True Blue Fan]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

And yet, my case is from this actually happening. Maybe your bank is more likely to make the loan and looks for suckers like this. I wouldn't waste my time with it with my lending activity, because I wouldn't be able to make any money. I'd just tell the person to use the assets they had, and go look for someone with whom I can actually make money.

This is utter nonsense, please try again in English.

 

[FlagDUDE08]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

Yes, the cash they had lying around. Banks will verify that you have the holding you say you do (well, nowadays anyway ). Hell they even know how much you have in your retirement plans, etc.

If anything, I'd be fairly concerned about why they're asking for a loan when they have the money, specifically because I would believe that the borrower is making more on those holdings than they are by using it to make a purchase. But as I said before, I wouldn't make the loan because of the high likelyhood that they'll pay it back immediately. Yes, I understand that you don't lose any capital in that situation, however the opportunity cost of making money on it is lost elsewhere. This is assuming, of course, that my lending portfolio were already diversified.

 

[MinnesotaNorthStar]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

Flaggy you live in your mom's basement, have no job or girlfriend, and post out here all day when you're not playing video games. When exactly did you become a financial wheeler dealer?

Alex Jones must have an online course...

 

[FlagDUDE08]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

Flaggy you live in your mom's basement, have no job or girlfriend, and post out here all day when you're not playing video games. When exactly did you become a financial wheeler dealer?

Perhaps the assumptions that you made prior to your question are incorrect.

 

[ScoobyDoo]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

Country's proven energy resources are worth far more than that. While I'm not saying we need to immediately sell off domestic sources of oil, gas, etc to foreign countries, the fact remains if you went to borrow 17 grand from the bank but had 170,000 in cash sitting in your bank account they'd most likely give you the loan.

Yeah, but the country doesn't own those resources. Private business does. Unless you're referring only to what's available on government land?

 

[FlagDUDE08]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

Yeah, but the country doesn't own those resources. Private business does. Unless you're referring only to what's available on government land?

Didn't stop the Federal Reserve's "relationship".

 

[SJHovey]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

Yeah, but the country doesn't own those resources. Private business does. Unless you're referring only to what's available on government land?

All one and the same for Rover.

 

[St. Clown]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

All one and the same for Rover.

Red Rover, Red Rover, send Lenin on over?

 

[Rover]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

Yeah, but the country doesn't own those resources. Private business does. Unless you're referring only to what's available on government land?

Quite a bit of them. Think proven resources on gubmint land. Not just fossil fuels either, but mining/minerals as well. Also the land the gubmint owns directly.

Think of it like this. You owe 200K on your mortgage. You have 1M in a 401K. You don't want to have to withdraw from your 401K to pay your mortgage, but if they bank tried to foreclose on you, you could pay it off even with this relatively extreme action.

Likewise, the US govt's assets far, far outweight its debts. That's not to say we shouldn't get the deficit down, because we should. However, there is zero danger of the holders of the debt calling in the loan because they don't trust that the US will be able to make good.

 

[Bob Gray]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

Quite a bit of them. Think proven resources on gubmint land. Not just fossil fuels either, but mining/minerals as well. Also the land the gubmint owns directly.

Think of it like this. You owe 200K on your mortgage. You have 1M in a 401K. You don't want to have to withdraw from your 401K to pay your mortgage, but if they bank tried to foreclose on you, you could pay it off even with this relatively extreme action.

Likewise, the US govt's assets far, far outweight its debts. That's not to say we shouldn't get the deficit down, because we should. However, there is zero danger of the holders of the debt calling in the loan because they don't trust that the US will be able to make good.

All you need is even a modest runup in the interest the treasury has to pay people who owe our debt and we'd be in a world of hurt. The low rates are masking just how much we'd pay for the debt under what would be considered historically typical rates.

 

[Rover]

Re: 2nd Term Part VII: You May Like Your Doctor But You Can't Keep Her

In today's version of Is There Anything More Useless Than House Republicans we give you the Immigration debacle.

So The Boner wants to pass immigration reform because his country club buddies and political strategists are telling him its good for the party. But, since the Tea Party has his nuts in a jar on their mantle, he's decided to put it off until next year. So far so good, right?

The problem is the idiot is living in a world that existed 20 years ago where the Dems would play by a different set of rules that the GOP had long since abandoned. After 2014, the next election is the Presidential one. At that point, what's to stop the Dems from screwing the Republicans on this issue by demanding a quicker path to citizenship with a lot less billions on border enforcement, and then daring the Republicans to block it? Don't they benefit by going into 2016 without an immigration bill, just like the Republicans might in 2014? What happens to all those GOP Senators running in states with a decent amount Hispanics (Rubio, Kirk, whoever runs for McCain's seat when he mercifully retires, etc)?